Empirical Study on Determinants of Negative Goodwill

Research Project

Project/Area Number	25885059
Research Category	Grant-in-Aid for Research Activity Start-up
Allocation Type	Single-year Grants
Research Field	Accounting
Research Institution	Tokyo Metropolitan University
Principal Investigator	TAKAHASHI Yukari 首都大学東京, 社会(科)学研究科, 助教 (10706758)
Project Period (FY)	2013-08-30 – 2015-03-31
Project Status	Completed (Fiscal Year 2014)
Budget Amount *help	¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000) Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000) Fiscal Year 2013: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Keywords	負ののれん / のれん / 企業結合 / M&A / 公正価値 / 買収プレミアム / 公正価値測定
Outline of Final Research Achievements	We investigate the determinant of negative goodwill resulting from M&A between Japanese listed companies from April 2006 to March 2013. We find that error in measuring assets and liabilities, undervalued stock of target companies, and transactions for survival are determinants of negative goodwill.

Report

(3 results)